ZEW Economic Sentiment surveys for Germany and the eurozone weakened in their respective July readings with Germany’s survey falling to a level not seen since December.
ZEW economists expect additional deterioration by the end of the year due to high short-term interest rates.
Eurozone’s July ZEW Economic Sentiment -12.2 (expected -10.2; last -10.0)
Germany’s July ZEW Economic Sentiment -14.7 (expected -10.5; last -8.5) and July ZEW Current Conditions -59.5 (expected -60.0; last -56.5). June CPI 0.3% m/m, as expected (last -0.1%); 6.4% yr/yr, as expected (last 6.1%)